Sacramento Land(ing) - Sacramento Real Estate Market Blog - Sacramento Housing Market News

Saturday, November 22, 2008

October 2008 DataQuick Statistics for Sacramento

By county
By zip (or xls version)

4 comments:

RV6Flyer said...: 95819 $309 -1.2%

East Sac hanging in there strong, still above $300 per sq ft.; Saturday, November 22, 2008 1:07:00 PM
Diggin Deeper said...: Yea that area has so few properties on the market, so little inventory, it would make sense.

I wonder what effect the haircut in equities will have on the area?; Sunday, November 23, 2008 6:54:00 AM
Tyrone said...: Zip 95864 $270,500 -30.3%

Blast from the past:

SacramentoLand(ing) Nov '07
realrant:
So, if you're buying for your own shelter, and you plan to stay there for a while, find a place you like and negotiate from the cat-bird's seat. Get the best deal you can, move in, and enjoy.

Tyrone:
If that "best deal" isn't a mark-down of 30-50%, forget it; you're just a sucker, otherwise. Price-to-rent ratio has a long way to come down in Sacramento.
June 07:..... 28.7
15-year ave:. 19.4
Correction:.. -32.2% (needed)

realrant:
Hey Tyrone. Re: If that "best deal" isn't a mark-down of 30-50%, forget it...

So I want everyone to remember that Tyrone says that the median price in 95864 needs to be $194,000 before anyone but a sucker would buy.

realrant:
At least Tyrone makes a sound argument with the price-to-rent ratios. And he did say 30 - 50% decline. If you pick 30% that puts the median in 95964 at $271,600. That's a number that may be a little closer to reality.
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50%, here we come!; Sunday, November 23, 2008 8:37:00 AM
Diggin Deeper said...: Nice one Tyrone...You might just get 50% in that zip...; Monday, November 24, 2008 8:40:00 AM